Destination Courier Services Limited (05187540): administration
- Status
- Administration ended
- Administration began
- 2016-07-25
- Administrators' firm
- Foulds Ingham Associates
- Incorporated
- 2004-07-22
- Location
- London
- Industry
- 53201 Licensed carriers
Why it went into administration
- Property / lease costs
- Rising costs / inflation
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
- Regulatory change or action
- Competition / price pressure
From the administrators' statement
The Company was formed in 2004 as a couner Company It traded in the Greater London area primarily covering the North Circular Road. The Company traded from leasehold premises situated at Unit 10, Quebec Whari,14 Thomas Road, London £14 TAF The landlord was Etcetera Construction Limited. The rent payable was £4,200 per month and at present there is £23,000 arrears The Company's founder directors were Don Cuozzo and Jane Ban
The Company traded profitably up to July.2015 However, after this penod there was a major falling out whereby Mr Cuozzo was suspended and reinstated after which two of the other directors left in February 2016 and Mr Cuozzo was left as sole director and shareholder This period of management deadiock made the business struggle. in addition, one of its mayor customers decided
to move their custom elsewhere
Administrators' statement of proposals (2016-09-21) · Companies House register